Price of the dollar today in Mexico: know how much the exchange rate is this April 7

The price of the dollar in Mexico is on the rise, amid a greater aversion to risk assets as a result of geopolitical tension, a fall that was accentuated after the minutes of the last Fed monetary policy meeting were released.

The exchange rate ended Wednesday’s session at 20.1682 Mexican pesos per dollar, an advance of 0.88% compared to the reference price of the Reuters agency on Tuesday. For the day of April 7, the value of the dollar will be known in the early hours of the day.

“The Mexican peso had been pushed towards 20.15 due to comments from members of the Fed that hinted at a more restrictive tone. The minutes seem to confirm these expectations.”said the firm CI Banco in an analysis report.

“We have to wait for the next few days to assess how the currency adapts to these new messages from the Fed to try to anticipate the future trend of the peso”he added.

The main stock index S&P/BMV IPC, which includes the 35 most liquid companies in the Mexican market, fell 0.16% to 55,637.61 units.

What is the price of the dollar today in Mexico?

The US currency was on the rise and the exchange rate is trading at 20.16 pesos per dollar, according to data from the Reuters agency.

What is the Mexican peso?

The Mexican peso is the official currency of Mexico and the fifteenth most traded currency worldwide, as well as the third in the region, below the US dollar and the Canadian dollar.

The Mexican currency was the first to use the ‘$’ sign which was later popularized by the United States with US dollars. Also, since 1993 the abbreviation for the Mexican peso is ‘MXN’.

In Mexico, one peso is equivalent to 100 cents and there are coins of 1, 5, 10 and 20 pesos, as well as bills of 20, 50, 100, 200, 500, and 1,000 pesos.

Why did it close higher?

At the regional level, most currencies and stock markets in Latin America fell on Wednesday, amid greater aversion to risk assets as a result of geopolitical tension, a fall that was accentuated after the minutes of the the last monetary policy meeting of the United States Federal Reserve.

According to Reuters, Russian artillery shelled Ukrainian cities on Wednesday, as Ukraine’s president urged the West to act decisively to impose new and tougher restrictions on trade with Russia in response to the killing of civilians, widely condemned as crimes of war.

The United States announced new sanctions, including those imposed on the daughters of Russian President Vladimir Putin, days after grim images surfaced of the bodies of civilians gunned down at close range in the town of Bucha when it was seized from Russian forces.

Federal Reserve officials “broadly agreed” at their March meeting to slash up to $95 billion a month from the central bank’s asset holdings as another tool in fighting rising inflation, even as the war in Ukraine eased the first interest rate hike.